Raiffeisen Bank International AG: RBI expects a consolidated profit of around EUR 585 million for the first half of the year
RBI expects a consolidated profit of around EUR 585 million for the first half of the year
Vienna, 25 July 2017. Raiffeisen Bank International AG (RBI) expects a consolidated profit of around EUR 365 million for the second quarter of 2017 and of around EUR 585 for the first half of 2017. The pro forma figures for the combined bank for the corresponding comparable periods in 2016 amounted to EUR 125 million and EUR 236 million, respectively. The positive development is mainly attributable to releases of provisions for impairment losses (higher than expected recoveries and gains on NPL sales). Net provisioning for impairment losses amounted to approximately EUR 75 million in the first half of 2017 (following EUR 403 million in the first half of 2016). Following net provisioning for impairment losses of EUR 80 million in the first quarter in 2017, there were net releases of around EUR 5 million in the second quarter of 2017.
The figures for the first half of 2017 will undergo a review by RBI's auditor, which has not yet been concluded. The full Semi-Annual Financial Report 2017 will be published on 10 August 2017. The outlook will be adjusted due to the current risk cost developments.
For more information, please contact:
Susanne E. Langer Head of Group Investor Relations Spokesperson Raiffeisen Bank International AG Am Stadtpark 9 1030 Vienna, Austria firstname.lastname@example.org phone +43-1-71 707-2089 www.rbinternational.com
25-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Raiffeisen Bank International AG Am Stadtpark 9 A-1030 Vienna
Austria Phone: +43-1-71707-2089 Fax: +43-1-71707-2138 E-mail: email@example.com Internet: www.rbinternational.com ISIN: AT0000606306 WKN: A0D9SU Listed: Foreign Exchange(s) Luxemburg, SIX, Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News Service
595375 25-Jul-2017 CET/CEST